Share buybacks this year close to 2012/13's combined total
Singapore
SINGAPORE-listed companies are close to buying back more of their share capital than they did in the previous two years combined, according to data compiled by ShareInvestor, a financial Internet media & technology firm owned by Singapore Press Holdings.
The 107 companies with buyback mandates have bought S$525.9 million of their own shares from the market so far this year, a 13 per cent increase from 2013 and just shy of the S$526.6 million bought back in all of 2012 and 2013. In terms of numbers of shares, those companies have taken 422.8 million shares off the market, or 0.3 per cent more than 2013's 421.5 million shares.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly